$5,344 Closing Credit*
$449,990
2,342 SqFt
4 Beds
•1 Full Bath, 1 Partial
Listing Office: Lennar Sales Corp
Is 55301, MN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
Since last year, 55301 has remained a Seller's Market.
Key Takeaway
55301 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 55301, MN
How much do homes in 55301, MN cost?
Median Sold Price
$367,500
$179/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
-$500(-0.1%)
Key Takeaway
The sold price of homes in 55301 has remained the same since last year.
Summary: The median home sold price in 55301 was $367,500 in November 2024, down 0.1% from last year, and the median price per square foot was $179.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $255K | $269.4K | +5.7% |
| 3 Bedrooms | $339.9K | $347.5K | +2.2% |
| 4 Bedrooms | $427K | $399.9K | -6.3% |
| 5+ Bedrooms | $472.5K | $451.5K | -4.4% |
Summary: 55301 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 5.7%, 3 bedroom homes increased by 2.2%, 4 bedroom homes decreased by 6.3%, and 5+ bedroom homes decreased by 4.4%.
Housing Supply in 55301, MN
How many homes are available in 55301, MN?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 50 | 60 | +20.0% |
Summary: The 55301 real estate market had 60 homes for sale in November 2024, a 20.0% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 10 | 11 | +10.0% |
| 3 Bedrooms | 14 | 20 | +42.9% |
| 4 Bedrooms | 19 | 20 | +5.3% |
| 5+ Bedrooms | 7 | 9 | +28.6% |
Summary: The 55301 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 10%, 3 bedroom homes increased by 42.9%, 4 bedroom homes increased by 5.3%, and 5+ bedroom homes increased by 28.6%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 10 | 12 | +20.0% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 55301, you may be able to get a good deal. 58.3% of homes here sold below asking price last month.
Summary: A total of 12 homes were sold or pending in 55301 in November 2024, up by 20.0% month-over-month. Of the 12 sold homes, 58% were sold under asking, 17% were sold at asking, and 25% were sold over asking.
Days on Market for 55301, MN
How long does it take to sell a home in 55301, MN?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 41 Days | 37 Days | -9.9% |
Summary: Homes in 55301 had an average of 37 days on market in Nov 2024, down by 9.9% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in 55301 are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 12 homes were sold in 55301; 50% of homes were sold within 30 days, 42% of homes were sold within 30 to 90 days, and 8% of homes were sold over 90 days.
